Penobscot Investment Management Company Inc. cut its holdings in Walt Disney Co (NYSE:DIS) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,243 shares of the entertainment giant’s stock after selling 968 shares during the period. Walt Disney accounts for 1.4% of Penobscot Investment Management Company Inc.’s investment portfolio, making the stock its 16th biggest position. Penobscot Investment Management Company Inc.’s holdings in Walt Disney were worth $4,756,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bath Savings Trust Co boosted its holdings in Walt Disney by 6.2% in the 2nd quarter. Bath Savings Trust Co now owns 73,382 shares of the entertainment giant’s stock valued at $7,796,000 after purchasing an additional 4,285 shares during the period. McQueen Ball & Associates Inc. boosted its holdings in Walt Disney by 0.7% in the 2nd quarter. McQueen Ball & Associates Inc. now owns 22,652 shares of the entertainment giant’s stock valued at $2,407,000 after purchasing an additional 150 shares during the period. Private Asset Management Inc. boosted its holdings in Walt Disney by 3.2% in the 2nd quarter. Private Asset Management Inc. now owns 103,699 shares of the entertainment giant’s stock valued at $11,018,000 after purchasing an additional 3,205 shares during the period. DnB Asset Management AS boosted its holdings in Walt Disney by 2.4% in the 2nd quarter. DnB Asset Management AS now owns 246,801 shares of the entertainment giant’s stock valued at $26,223,000 after purchasing an additional 5,900 shares during the period. Finally, First PREMIER Bank boosted its holdings in Walt Disney by 8.6% in the 2nd quarter. First PREMIER Bank now owns 4,356 shares of the entertainment giant’s stock valued at $463,000 after purchasing an additional 344 shares during the period. 61.52% of the stock is owned by institutional investors.

Several analysts have recently weighed in on DIS shares. Goldman Sachs Group raised their price objective on shares of Walt Disney from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Loop Capital restated a “buy” rating and set a $106.00 price objective on shares of Walt Disney in a research report on Monday, December 11th. Macquarie upgraded shares of Walt Disney from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $112.00 to $125.00 in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of Walt Disney from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Pivotal Research raised their price objective on shares of Walt Disney from $83.00 to $91.00 and gave the company a “sell” rating in a research report on Thursday, December 14th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Walt Disney currently has an average rating of “Hold” and an average target price of $115.77.

Walt Disney Co (NYSE:DIS) opened at $110.99 on Friday. The company has a market cap of $167,630.00, a price-to-earnings ratio of 19.54, a P/E/G ratio of 2.38 and a beta of 1.38. Walt Disney Co has a 52-week low of $96.20 and a 52-week high of $116.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.81 and a quick ratio of 0.74.

Walt Disney (NYSE:DIS) last announced its quarterly earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). The firm had revenue of $12.78 billion during the quarter, compared to the consensus estimate of $13.30 billion. Walt Disney had a return on equity of 16.71% and a net margin of 14.59%. Walt Disney’s revenue was down 2.8% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. analysts forecast that Walt Disney Co will post 6.23 earnings per share for the current year.

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, January 11th. Shareholders of record on Monday, December 11th were issued a $0.84 dividend. The ex-dividend date was Friday, December 8th. Walt Disney’s dividend payout ratio (DPR) is presently 29.58%.

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About Walt Disney

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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